This podcast episode delves into the transformation of WCM Investment Management, discussing the key factors behind their success, such as embracing change, fostering a positive culture, and implementing strategic hiring practices. The speakers also delve into the evolution of WCM's investment strategy, emphasizing the significance of continuous improvement and adapting to market dynamics. Additionally, they explore the importance of culture in money management firms, highlighting the consequences of toxic environments and the need for vulnerability and storytelling in building a strong firm culture. They discuss the challenges of dealing with underperforming employees, navigating generational transitions, and effective leadership strategies, ultimately providing valuable insights for investment professionals.